This paper explores the effect of news shocks on the current account and other macroeconomic variables using worldwide giant oil discoveries as a directly obser

United States monetary policy has traditionally been modeled under the assumption that the domestic economy is immune to international factors and exogenous sho

An essential introduction to one of the most timely and important subjects in economics International Macroeconomics presents a rigorous and theoretically elega

This open access book addresses four standard business school subjects: microeconomics, macroeconomics, finance and information systems as they relate to tradin

We contribute to the intense debate on the real effects of fiscal stimuli by showing that the impact of government expenditure shocks depends crucially on key c